3+ best Interactive Brokers alternatives & competitors in 2025

Recent decisions by Interactive Brokers to restrict trading have led to many users looking for an alternate app to place trades.

Compare the cost of trading and the available range of financial markets to learn if you can trust Interactive Brokers, or whether it’s better to find the best Interactive Brokers alternative.

Quick take: best alternatives to Interactive Brokers 2025

Top 10 Interactive Brokers alternatives & similar sites

1. eToro. Best for beginners, copy-trading & demo-account

4.5

Ratings

$100

Min. deposit

0% commission

Fees

3,600

No. assets

Yes

Demo account

Overview

We love eToro because it’s a trading platform built with beginners and casual traders in mind. The platform combines an interactive, social trading experience with an easy-to-use interface, making it ideal for novice traders.

The far-reaching catalog of more than 5,500 stocks and ETFs includes big names like Apple and Tesla, as well as smaller companies with high growth potential. You can start trading with as little as $10 using fractional shares if you’re on a tight budget.

One feature we particularly appreciate is the ability to interact with eToro’s 35 million users on any asset, market, or portfolio page. If you find traders whose strategies match your risk tolerance, you can copy their portfolios automatically using eToro’s flagship copy trading functionality. This is a great way to learn and potentially benefit from the expertise of more experienced traders.

If you don’t feel comfortable investing your cash straight away, you can use a free demo account, credited with $100,000 virtual dollars. This offers plenty of opportunities to try out a trading strategy that works for you across stocks, crypto, and options trading markets.

Highlights

No. of tradable assets	3600+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Index CFDs, Commodity CFDs, NFTs, Crypto
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC, FinCEN

Fees & Costs

Trading fees	Yes, on certain assets
Inactivity fees	Yes
Rollover/overnight fees	Yes, on CFDs
Withdrawal fees	Yes
Spreads	Yes, on certain assets
Conversion fees	Yes, for non-USD currencies

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Read review Visit eToro

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

2. Public. Best for AI analysis

4

Ratings

$20

Min. deposit

Spreads

Fees

9,000

No. assets

No

Demo account

Overview

We love Public because it makes use of cutting-edge AI technology to enhance your trading and investing experience. Public’s AI-powered feature, Public Alpha offers personalized insights and recommendations through its natural language interface in real time. 

Public’s AI technology helps you make more informed decisions by analyzing massive amounts of data and providing actionable insights. These AI-driven insights are easily accessible and give users access to the latest advancements in financial analysis and trading. 

Not only do can you use AI to help your investments, Public is one of the lowest cost brokerage firms out there. You can invest in stocks and ETFs commission free. You can also buy and trade fractional shares and if you want to diversify, you can explore a range of alternative investments including music and film royalties. 

The fees: There are no fees for investing in stocks during regular trading hours in the US – 9.30am-4pm EST. There is a $2.99 fee for trades outside of regular hours. 

Highlights

No. of tradable assets	9,000 +
Min. Deposit	$20
ID verification required	Yes
Free demo account	No
Supported assets	Stocks, ETFs, Crypto, , ,
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	SEC, FINRA, SIPC

Fees & Costs

Trading fees	Yes
Inactivity fees	Yes
Rollover/overnight fees	No
Withdrawal fees	No
Spreads	Yes
Conversion fees	Yes

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments

You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Read review Visit

Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

Compare similar apps to Interactive Brokers

We have assigned each Interactive Brokers alternative a rating to give you an idea of the overall service each trading platform provides. The score, alongside a snapshot of some important features, allow us to quickly summarise Interactive Brokers’s top competitors.

How the best Interactive Brokers alternative was found

We found alternative stock brokers to Interactive Brokers by reviewing what most closely matched Interactive Brokers in terms of the business model, licensing & operations, cost of trading, target audience, and financial markets available.

We ranked each alternative on these factors while taking into account all available user-reviews across services like Trustpilot, Reviews.io, and Sitejabber, to find the services that offered similar apps to Interactive Brokers.

Here are some more of the features we used to identify the best Interactive Brokers alternatives.

• Best low fee Interactive Brokers alternatives. The main cost of using a stock broker comes from trading fees or commissions but there may be other fees as well. We considered the overall cost of using a different trading platform, including inactivity fees, spreads, and conversion fees.
• Best Interactive Brokers alternatives for beginners. Beginner-friendly Interactive Brokers alternatives provide an intuitive app and trading experience that helps you make your first steps in trading. The most important feature it must offer is a free demo account, while features like copy or social trading can be useful as well.
• Best Interactive Brokers competitors with similar products. We picked out trading platforms where the markets and number of assets available most closely resembled Interactive Brokers. Good Interactive Brokers alternatives offer a large, varied range of financial products.
• Most secure Interactive Brokers alternative. All the Interactive Brokers competitors we recommend are regulated by top tier financial regulators to protect you and your money. We also look for similar apps to Interactive Brokers that are transparent about their finances and how they store customer funds.
• Best Interactive Brokers competitors with highest user reviews & customer ratings. Real life experience of using a trading platform is important. We identified the most popular platforms by comparing those with the best average ratings and most positive user reviews.

Best low fee alternatives to Interactive Brokers

You don’t want to switch trading platforms only to pay more for the service. Here’s how Interactive Brokers alternatives compare in terms of how they make their money:

Best Interactive Brokers alternative for beginners

Interactive Brokers is targeted towards beginners, so any competitor should provide a helpful experience to new users as well. Here is a comparison of beginner-friendly features available from Interactive Brokers’ competitors:

Interactive Brokers competitors with similar products

A Interactive Brokers alternative should allow you to invest into a similar range of stock assets and financial markets. That way, you can invest in the same products even if you switch brokers. Here’s how the competitors compare to Interactive Brokers:

Most secure Interactive Brokers alternative

Regulation is important because it offers you financial protection in the event that something happens to the broker, like a bankruptcy. Here are how the top alternatives fare against Interactive Brokers in terms of regulatory protection.

Best Interactive Brokers competitors with highest user reviews & customer ratings

We gathered data from independent review platforms to show what the experience of using a Interactive Brokers alternative was like for other people. 

This information can be a useful tool to help you decide which trading platform to use, but remember that there are many reasons why someone might have a good or bad experience with a service – and not all of them are the platform’s fault.

FAQs